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August 2017
Halloween in Nashville, 1974 2016
If the rate of change on the
outside (of an organization)
exceeds the rate of change on
the inside, the end is near....
-Jack Welch
Digital is the main reason
just over half the Fortune 500 companies
have disappeared since the year 2000.
-Pierre Nanterme, CEO Accenture, 2016
Yet..Digital disruption
has only just begun.
All our knowledge is about the past, but all
our strategic decisions are about the future.
What we don’t know
we don’t know
What we
know
What we know
we don’t know
Thx to R. Wieselfors, Ericsson for photos
Thx to R. Wieselfors, Ericsson for photos
“We always overestimate the change
that will occur in the next two years
and underestimate the change that will
occur in the next ten.”
- Bill Gates, The Road Ahead, 1996
2015
Food deliveries
Check-in
Porters
Cleaning
Lawnmowing
Room Service
People
Technology
Open Source
Convergence of…..
Finance
http://marketrealist.com/2016/01/fourth-industrial-revolution-need-know/
FIRM FOUNDED # EMPLOYEES MKT CAP 2016
BMW 1916 122,000 $56B
UBER 2009 7,000 $62B
MARRIOTT 1927 200,000 $32B
AIRBNB 2008 5,000 $21B
WALT DISNEY 1923 185,000 $172B
FACEBOOK 2004 15,000 $369B
WALMART 1962 2,300,000 $206B
ALIBABA 1999 36,000 $241B
Adapted from Parker & Van Alstyne, with Choudary, 2016, and updated January 2017
Something fundamental is changing
Sharing Economy and
Platform-based business models
A system that activates the untapped
value of all kinds of assets through models
and marketplaces that enable greater
efficiency and access.
- Botsman
The Sharing Economy
Harvard Business Review, 2014
The Sharing Economy: Embracing Change with Caution
http://www.slideshare.net/eteigland/sharing-economy-webb
No one owns everything,
Everyone owns something,
all resources reside in networks.
Adapted from Lévy 1997Image: Krebs
Access,
not
ownership
Sharing Economy leverages network effects
One-time interactions between strangers
through central platforms
Interpersonal trust
Institutional trust - brand
Institutional trust - platform
1rst
2nd
3rd
Changing nature of trust
LEARNING
p2p learning open courses & moocs
PRODUCTION
co-design / co-innovationdigital peer production distributed fabrication (makers)
FINANCE
p2p funding p2p payments p2p insurance compl. currencies
GOVERNANCE
SWARM
participatory organizations participatory government blockchain / DAO
CONSUMPTION
redistribution local food systemsproduct-service on-demand services
COLLABORATIVE ECONOMY FRAMEWORK V0.1
Banking is essential,
but banks are not.
- Bill Gates
Questioning basic assumptions
From the north of Sweden
FinTech startups taking traditional bank territory
Inspiration from CB Insights, SEB base webpage slightly modified to make more room
Crowd equity financing enabling new entrants
https://www.eliomotors.com/
LEARNING
p2p learning open courses & moocs
PRODUCTION
co-design / co-innovationdigital peer production distributed fabrication (makers)
FINANCE
p2p funding p2p payments p2p insurance compl. currencies
GOVERNANCE
SWARM
participatory organizations participatory government blockchain / DAO
CONSUMPTION
redistribution local food systemsproduct-service on-demand services
COLLABORATIVE ECONOMY FRAMEWORK V0.1
Community platform
Hierarchicalfirm
VS
E.g., Ford Motors
~ Created by employees
E.g., Local Motors
~ Created by community collaborators
Teigland, Di Gangi, & Yetis 2012
The Flipped Firm: New model of value creation?
Problem Solver
Solution Finder
“Local Motors is the place for people to create
influential vehicles together.”
• 100xs lower capital cost
• 5xs faster production
Local Motors to print 3D cars
in its micro-factories
Olli - 3D printed autonomous vehicle
https://www.3dprintingbusiness.directory/news/local-motors-prepares-serial-production-ollie-3d-printed-smart-vehicles/
Local and mobile factories
for distributed manufacturing
Integrating offline and online communities
Arizona
Maryland
Tennessee
Germany
LEARNING
p2p learning open courses & moocs
PRODUCTION
co-design / co-innovationdigital peer production distributed fabrication (makers)
FINANCE
p2p funding p2p payments p2p insurance compl. currencies
GOVERNANCE
SWARM
participatory organizations participatory government blockchain / DAO
CONSUMPTION
redistribution local food systemsproduct-service on-demand services
COLLABORATIVE ECONOMY FRAMEWORK V0.1
Knowledge through MOOCs
(Massively Open Online Courses)
http://marketrealist.com/2016/01/fourth-industrial-revolution-need-know/
From offices to…
“Third Places” and co-working spaces
Hoffices – a Swedish concept gone global
Trading one job for a number of “gigs”…
Scheveningen Harbor – The Hague
3D printer workshop on Lisette’s boat
Knowledge: RepRap community
E-commerce: Aliexpress
My first attempt at 3D printing – successful!
Global DIY microfactory networks
enable circular economies
Makerspaces in Tokyo
What’s already here?
24x7 Global Internet Collaboration + Open Source + 3D Printing
http://mashable.com/2013/02/13/robohand/
$60,000
$150
Available for free
download on
$45
Where is
the firm?
$5
Increasing forces
for local community and
circular economies
http://marketrealist.com/2016/01/fourth-industrial-revolution-need-know/
Blockchain
technology
Digitalizing trust with
no central actor
other than
a computer network ?
The future is already here –
it's just not evenly
distributed.
- William Gibson
Economist, 2003
Design your social networks
1. Build relationships across diverse networks
2. Ask “What if?” and question basic assumptions
3. Ensure access to resources, not ownership
4. Go from “Problem Solver” -> “Solution Finder”
Boundary
spanner
Exploitation
Improving existing
value creation
activities
Exploration
Developing new
value creation
activities
Adapted from March 1991
Robin Teigland
robin.teigland@hhs.se
www.slideshare.net/eteigland
@robin.teigland
If you love knowledge,
set it free…
If you like this presentation and would like to
contribute to our research, we accept bitcoins:
14hs4JbnQLXE87GGzu84uXGaspmxmnLpwC.
Thank you!!!!!
http://www.slideshare.net/eteigland
Global DIY microfactory networks
enable circular economies
Makerspaces in Tokyo
Local and mobile factories
Integrating offline and online communities
Arizona
Washington DC
Tennessee
Germany

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